How to Tackle Your Student Loan Debt

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Understanding Your Loan

Experts say it is crucial to understand the terms of your loan so you can manage your payments or request deferment, if needed. As an example, federal Stafford loans allow a six-month grace period before your first payment is due. The terms for federal and private loans vary, so it is important to check with your loan provider for details. (Photo: Ruslan Dashinsky/Getty Images)